Rosemont, Nebraska Property Taxes
The median property tax rate in Rosemont, Nebraska is 1.38%, considerably higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With the median home value in Rosemont at $39,198, the typical annual property tax bill reaches $847, which is below the national median of $2,690. Property taxes in Rosemont are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Rosemont's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Rosemont or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rosemont, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$541
Ownwell’s Rosemont Property Tax Bill Calculator is an invaluable resource for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Rosemont. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Rosemont to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, helping you make informed financial decisions. For those interested in more detailed insights, you can explore trends at the neighborhood level by scrolling down. Your property’s assessed value, determined by the county, is crucial for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Rosemont, Nebraska
Property taxes in Rosemont, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rosemont stands at 1.38%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Rosemont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rosemont estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Rosemont's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68930 zip code has the highest median property tax rate of 1.38%, while the same zip code also has the lowest median tax rate of 1.38%. Understanding how these cities compare with Rosemont provides valuable insights into the varying tax landscape across Webster County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rosemont Tax Rate
1.38%
Average Webster County Tax Rate
1.75%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rosemont, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68930 | 1.38% | 1.38% | 1.38% | 1.38% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Rosemont, Nebraska
In Rosemont, Nebraska, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Webster County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Rosemont, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Rosemont helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $847 in the 68930 zip code.
Average Rosemont Assessed Value
$39,198
Average Webster County Assessed Value
$71,225
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rosemont, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68930 | $5,812 | $9,286 | $39,198 | $94,204 | $121,428 |
Source: Ownwell
Property Tax Bills Across Rosemont, Nebraska
In Rosemont, located in Webster County, NE, property tax bills are determined by several key factors. The primary component is the assessed value of the property, which is derived from the market value. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. For homeowners in Rosemont, the median home price is $39,198. Given the national median property tax rate of 0.99%, local tax rates could significantly impact the final tax bill. The tax bill can vary widely among homeowners. For instance, the 25th percentile tax bill is $93, while the 75th percentile tax bill is $1,449, and the 90th percentile tax bill reaches $1,719. The highest median tax bill in the area is $847, indicating considerable variability based on property values and specific local tax rates. These taxes fund essential public services such as schools, roads, and emergency services, directly impacting the quality of life for Rosemont residents. Homeowners must budget accordingly to manage these annual expenses.
Average Rosemont Tax Bill
$847
Average Webster County Tax Bill
$1,254
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Rosemont, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68930 | $78 | $93 | $847 | $1,449 | $1,719 |
Source: Ownwell